This segment distributes prepaid products and transactional services to the South African wholesale and retail markets. Main products are prepaid airtime and prepaid electricity. The segment contributes some 98% to group turnover.

Operational and financial highlights

Revenue up 3% to R18.4 billion

Increasing trend to act as agent on sales of certain products eg PINIess top up

Gross profit margin increases 0.5% from 5.19% to 5.69%

Electricity commissions received up 39% from R61 million to R85 million